HappyEMI is a consumer financing platform owned by Hyperkonnect Technologies Pvt. Ltd that provides point-of-sale EMI options to consumers shopping online and in stores. The year-old, Bengaluru-headquartered company was founded by serial entrepreneur Suhas Gopinath. It underwrites buyer risk using data beyond traditional CIBIL scores and currently serves a merchant network that includes furniture, electronics and fashion retailers. HappyEMI charges a 2% commission from its retail partners on each transaction. It competes directly with banks and financial-services firms such as Bajaj Finserv which offer no-cost EMIs on platforms like Flipkart and Amazon India. The company plans to use fresh capital to expand its geographic footprint, grow its merchant network to source more loans, and begin financing across sectors such as education and healthcare services.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2018